<ARTICLE> 5 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> SEP-30-1996 <PERIOD-START> OCT-01-1995 <PERIOD-END> JUN-30-1996 <CASH> 6,885,000 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 7,757,000 <PP&E> 867,000 <DEPRECIATION> 0 <TOTAL-ASSETS> 7,757,000 <CURRENT-LIABILITIES> 305,000 <BONDS> 49,000 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 7,403,000 <TOTAL-LIABILITY-AND-EQUITY> 7,757,000 <SALES> 210,000 <TOTAL-REVENUES> 0 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 254,000 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> (94,000) <INCOME-TAX> 0 <INCOME-CONTINUING> (44,000) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (94,000) <EPS-PRIMARY> (.02) <EPS-DILUTED> (.02)